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External Environment Strategies: Technology and Economy

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Identify strategies from organizations that minimize the each of the threats and maximize each of the opportunities identified from the external environment in regard to technology and economy, please add references and would like at least 1000 words please.

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The strategies that minimize threats and maximize each of the opportunities identified from external environment in regard to technology and economy is the use of the scanning of internal and external environment with SWOT Analysis tools. SWOT analysis is an important analytical tool for strategic planning that stands for strength, weakness, opportunities, and threats. The SWOT analysis identify the positives and negatives inside your organization (S-W) and outside of it, in the external environment ( O-T). The SWOT analysis can fit into strategic situation analysis. In SWOT analysis, there are internal analysis and external analysis. The Internal Analysis include strengths and weaknesses. The external analysis include opportunities and threats. SWOT analysis begins by evaluating the current situation in respect of the internal and external environment of the business. The evaluation of the current situation will lead to the identification of internal and external factors affecting business. The internal factors can be strength, but can be some type of weaknesses of business, but external factors can be the opportunities or threats to the business. The purpose is to determine whether an internal factor is strength or weakness of our business and whether an external factor is opportunity or threat for our business.
There are several strategies that should be taking advantage of opportunities that fit the strengths of the business. These strategies take advantage of opportunities that fit the strength of the business.
One strategy is the S-O strategies (Strength-Opportunity Strategies) that ...

Solution Summary

This solution identifies at least four main strategies that minimize threats and maximize opportunities identified from the external environment in regard to technology and economy. It defines each strategy and lists its strength and weaknesses. All references used are included.

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SWOTT for external and internal environmental forces for proposed business. "My proposed business is an event planning company."

SWOTT Analysis

Conduct an internal and external environmental analysis for your proposed business. Using the information obtained from your internal and external analysis. List assignment, create a SWOTT table summarizing your findings. Your environmental analysis should take into account, at a minimum, the following factors. For each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in your table.

a. External forces and trends considerations:
1) Legal and regulatory
2) Global
3) Economic
4) Technological
5) Innovation
6) Social
7) Environmental
8) Competitive analysis

b. Internal forces and trends considerations:
1) Strategy
2) Structures
3) Processes and systems
4) Resources
5) Goals
6) Strategic capabilities
7) Culture

Prepare a synopsis in which you analyze at least seven of the forces and trends from the list above. Your analysis must include economic as well as legal and regulatory forces and trends. Your synopsis should identify the major decisions and recommendations for your selected forces and trend,critique how well the organization adapts to change. Identity issue and/ or opportunities that the company faces based on your analysis above. Generate a hypothesis surrounding each issue, classify the circumstances, attribute the importance for each classification.

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